Michael Plummer photo

Michael Plummer

Principal

Mr. Plummer is a Principal and co-Founder of Artvest Partners LLC, which counsels Private Collectors, Museums, Foundations, Dealers and Fortune 500 Companies on business strategies related to art and culture. In addition to its creation of the TEFAF New York Art Fairs, Artvest has guided clients from around the globe on projects of lasting economic and cultural significance.

In early 2016, Mr. Plummer, along with Artvest co-Founder Jeff Rabin, established a joint venture between Artvest and TEFAF Maastricht bringing the venerable art fair to New York twice each calendar year. The new entity resulted from a complex four-party deal, conceived and negotiated by Artvest, among Spring Masters, the Haughton’s International Show, the Park Avenue Armory and TEFAF Maastricht with Artvest owning a 49% stake in the newly formed TEFAF New York.

Debuting in October 2016, the new TEFAF Art Fairs were an instant critical and commercial success. Artvest integrated TEFAF New York into the cultural fabric of the Americas by creating an active Advisory Board of leading Collectors and Museum Directors, a robust cultural program, and in partnership with Bank of America, an engaged financial and cultural sponsor. For the Opening Night Benefit, Artvest partnered with the Society of Memorial Sloan Kettering Cancer Center, raising substantial sums over multiple Fairs for cutting-edge research. Luxurious, intimate and tightly curated, the Fairs are considered game-changers in the Art Industry.

Additionally, Artvest re-invigorated the TEFAF brand by creating a dedicated Fair, TEFAF New York Spring, focused on 20th Century Art and Design. This realignment was essential for the success of the TEFAF brand in the US, given its traditional focus on earlier periods of art. Mr. Plummer was co-Fair Director of both TEFAF New York Fall and TEFAF New York Spring from launch through 2018.

Throughout its ten-year history Artvest has guided a diverse international group of clients. In 2013, while consulting for Citibank’s Equity Research Group, Mr. Plummer and Artvest concluded a comprehensive, thirteen-year analysis of Sotheby’s that quickly led to activist investors taking sizeable positions in the company. In 2014, Mr. Plummer and Artvest were named as an Expert Witness for the Detroit Institute of Arts and the City of Detroit in the City’s Chapter 9 bankruptcy trial.

During the same period Mr. Plummer and Mr. Rabin acquired an art fair held annually in May at the historic Park Avenue Armory and rebranded it Spring Masters New York. Bringing together sixty-five leading dealers across collecting categories and from around the world, the fair introduced a radical new hexagonal floor plan designed by architect Rafael Viñoly.

Formerly Chief Operating Officer of Christie’s Financial Services, Mr. Plummer was jointly responsible for the structuring and development of an opportunistic art fund. The fund, designed as a private equity offering, was the first developed by a major auction house in partnership with a leading investment bank. Additionally, Mr. Plummer was responsible for developing art-lending facilities for Christie’s, overseeing global loan underwriting practices, creating specialized art indices, and comprehensive art market sector analysis.

Prior to Christie’s, Mr. Plummer created one of the earliest U.S. art funds and conducted pioneering research on art as an asset class. He remains one of the industry’s leading speakers, and has lectured at New York University, Christie’s Education, Sotheby’s Institute of Art, and The Wharton School. Additionally, Mr. Plummer’s observations on the art market are frequently quoted in The New York Times, The Wall Street Journal, The Washington Post, Bloomberg, NPR, Fox Business News, the Financial Times, and The Art Newspaper, among others.

Previously, Mr. Plummer was the acting Chief Operating Officer of Sotheby’s International Realty and was instrumental in the profitable restructuring critical to the parent company’s highly successful IPO in 1989. Having started his career in Sotheby’s Treasury Department, Mr. Plummer oversaw one of the industry’s first significant art loans.

Mr. Plummer is a Director and a co-Founder of the Luxury Marketing Council. From 2012 to 2014, he was Chairman of the American Friends of the London Academy of Music and Dramatic Art (LAMDA), where he reinstituted the Fulbright Scholarship providing full scholarships to deserving American students.

Mr. Plummer received a BS in Economics from The Wharton School at the University of Pennsylvania.

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